EPFO 3.0: Major PF Withdrawal Rule Changes Announced for Employees

• EPFO 3.0 introduces significant changes to PF partial withdrawal rules, aiming for simplification and uniformity.
• Unemployment withdrawal allows 75% immediately, 100% after 12 months; pension withdrawal now requires 36 months of unemployment.
• Withdrawal limits for education increased to 10 times and for marriage to 5 times, offering substantial relief.
• A new minimum service period of 12 months is now mandatory for most partial withdrawals, including medical and natural disaster.
• Rules for company lockout, pandemic, house renovation, and housing loan repayment are updated or standardized for faster processing.

Why It Matters: EPFO 3.0 simplifies PF withdrawals with new service conditions and increased limits.